Bernard Arnault Net Worth 2024: The French Tycoon Who Rules the Luxury World

Bernard Arnault Net Worth 2024
Bernard Arnault Net Worth 2024

Bernard Arnault is the chairman and CEO of LVMH, the world’s largest luxury goods business with over 70 brands such as Louis Vuitton, Dior, Fendi, Givenchy, Tiffany & Co., and Mot & Chandon. If you want to know Bernard Arnault’s Net Worth in 2024, keep reading.

Early Life and Education

Bernard Jean Étienne Arnault was born in Roubaix, France, on March 5, 1949. Jean Léon Arnault, his father, was a manufacturer and a graduate of École Centrale Paris. His mother, Marie-Josèphe Savinel, was the daughter of civil engineering firm Ferret-Savinel owner Étienne Savinel.

In 1950, Savinel handed over Ferret-Savinel management to his son-in-law, Jean Léon Arnault (Bernard’s father), and eventually gave him ownership of the company. Bernard graduated from the École Polytechnique, France’s top engineering school, in 1971.

Real Name Bernard Jean Étienne Arnault
Popular Name Bernard Arnault
Gender Male
Birth Date March 5, 1949
Age 74 years (as of 2024)
Parents Marie-Josèphe Savinel, Jean Arnault
Siblings Dominique Watine-Arnault
Birth Place Roubaix, France
Nationality French
Ethnicity N/A
Education École Polytechnique (1969–1971), Lycée Faidherbe
Marital Status Married
Sexual Orientation Heterosexual
Wife/Spouse Hélène Mercier (m. 1991), Anne Dewavrin (m. 1973–1990)
Children 5 (Frédéric Arnault, Alexandre Arnault, Antoine Arnault, Delphine Arnault, Jean Arnault)
Dating Not applicable
Net Worth US$182.1 billion as of January 12, 2024
Source of Wealth Businessperson, Media proprietor, Art collector
Height 6 feet 0 inches (1.85 m)
Weight 81 Kg

Business Career and Expansion

Bernard Arnault’s financial career took a turn in 1984 when he purchased Financière Agache, a holding company that controlled Christian Dior. He also became Dior’s CEO, revitalizing the brand’s finances and reputation.

He collaborated with the British beverage company Guinness in 1987 to acquire a controlling stake in LVMH, the company that resulted from the merger of Louis Vuitton and Mot Hennessy. After a protracted takeover struggle with the previous management, he was appointed chairman of LVMH in 1989.

Since then, Bernard Arnault has added hundreds of iconic brands to LVMH’s portfolio, including fashion, jewelry, watches, perfumes, cosmetics, wines, spirits, and hospitality. Bulgari, Sephora, TAG Heuer, Hublot, Marc Jacobs, Celine, Loewe, Kenzo, Benefit Cosmetics, Belmond, and, most recently, Tiffany & Co., which he purchased for $15.8 billion in 2020, are among his significant acquisitions.

In the world of luxury, Bernard Arnault is known for his vision, strategy, and taste. He has an aptitude for finding and fostering potential, having worked with designers such as Karl Lagerfeld, John Galliano, Marc Jacobs, and Virgil Abloh.

He is also interested in art and culture, and he has accumulated a large collection of contemporary artworks by Andy Warhol, Jean-Michel Basquiat, Damien Hirst, and Jeff Koons. He has also contributed to several cultural and humanitarian efforts, including the Fondation Louis Vuitton, a museum and cultural center in Paris, and the restoration of Notre Dame Cathedral following the 2019 fire.

How much is Bernard Arnault Worth in 2024?

Bernard Arnault’s net worth is estimated to be US$182.1 billion in 2024. This incredible sum reflects his unrivaled business success, notably in luxury products and investing. His fortune demonstrates not just his economic skill but also his strategic investments and position as a worldwide luxury industry leader.

Bernard Arnault Net Worth 2024

Personal Life and Family

Bernard Arnault has five children from two marriages. He married his first wife, Anne Dewavrin, in 1973 and divorced her in 1990. They have two children: Delphine, a Louis Vuitton executive vice president, and Antoine, the CEO of Berluti and chairman of Loro Piana.

Hélène Mercier, a Canadian pianist whom he married in 1991, is his second wife. They have three sons: Alexandre, the CEO of Rimowa and co-CEO of Loro Piana; Frédéric, the CEO of TAG Heuer; and Jean, the CEO of Fenty, a fashion brand founded in collaboration with LVMH by singer Rihanna.

Bernard Arnault currently resides in Paris, France, and owns a mansion in Beverly Hills, a penthouse in New York, a property in Saint-Tropez, and a chalet in Courchevel. He also has a private plane, a yacht, and various items of art. He is a Knight of the Legion of Distinction and a Commander of the Order of Arts and Letters, France’s highest cultural distinction.

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